Nigeria Construction Market to Grow by 4.3% in 2025, Supported by Infrastructure Investments

Strategic Insights -

The Nigerian construction industry is set for growth, driven by investments in infrastructure, housing, and energy projects. According to a report by ResearchAndMarkets.com, the industry is expected to grow by 4.3% in 2025, supported by a rise in construction loans and government investments. The total credit to the transport and storage sector grew 15.7% year-over-year (YoY) at the end of June 2025, according to the Central Bank of Nigeria (CBN). This growth is expected to continue, with the industry registering an average annual growth of 3.2% from 2026 to 2029.

Key Takeaways:

  • The Nigerian construction industry is expected to grow by 4.3% in 2025, supported by infrastructure investments and a rise in construction loans.
  • The total credit to the transport and storage sector grew 15.7% YoY at the end of June 2025, according to the CBN.
  • The industry is expected to register an average annual growth of 3.2% from 2026 to 2029, driven by investments in infrastructure, housing, oil and gas, and renewable energy.
  • The Federal government has announced plans to construct a NGN108.2 trillion ($60 billion) 4,000km high-speed rail project in Nigeria, which will be developed in three phases.
  • The project will focus on promoting sustainable, climate-smart infrastructure and advancing gender- and youth-inclusive green growth through industrialization.

Statistics:

  • The Nigerian construction industry is expected to grow by 4.3% in 2025.
  • The total credit to the transport and storage sector grew 15.7% YoY at the end of June 2025.
  • The industry is expected to register an average annual growth of 3.2% from 2026 to 2029.
  • The Federal government's 4,000km high-speed rail project will have a total investment of NGN108.2 trillion ($60 billion).
  • The project will be developed in three phases, with the Western phase expected to become operational by 2028.

Sources:

  • ResearchAndMarkets.com
  • Central Bank of Nigeria (CBN)
  • BusinessWire.com
  • Federal government of Nigeria.